Bank Nizwa Receives Moody’s Investment Grade Rating

Sunday June 18, 2017

Moody’s rating reflects Bank Nizwa’s strong performance and the increasing penetration of Shari’a-compliant banking assets in Oman. As a result, the bank was also given Counterparty Risk Assessment of Baa2. The bank’s success has been driven by its continued ability to grow its local assets in a sustainable manner that supports its overall success and feeds into the development of Oman’s Islamic finance sector.

Bank Nizwa, based on the strong fundamentals of Shari’a-compliant banking, has maintained a ratio of non-performing financing assets significantly below the market average. The bank has also maintained capital adequacy rates higher than the regulatory minimum set by the Central Bank of Oman and the Basel Committee of Banking Supervision.